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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES        
Natural gas $ 1,363 $ 1,195 $ 5,195 $ 4,798
Electric 1,260 1,069 3,350 3,269
Energy-related businesses 528 512 1,408 1,360
Total revenues 3,151 2,776 9,953 9,427
Operating expenses:        
Operation and maintenance (1,349) (1,326) (3,931) (3,871)
Depreciation and amortization (662) (614) (1,955) (1,811)
Franchise fees and other taxes (194) (175) (555) (515)
Other income, net 49 65 199 194
Interest income 17 17 65 47
Interest expense (403) (328) (1,195) (944)
Income before income taxes and equity earnings 160 200 1,109 1,213
Income tax (expense) benefit (482) 105 (711) 63
Equity earnings 472 454 1,190 1,235
Net income 150 759 1,588 2,511
Earnings attributable to noncontrolling interests (55) (110) (103) (325)
Preferred deemed dividends (11) 0 (11) 0
Preferred dividends (7) (11) (29) (33)
Preferred dividends of subsidiary 0 0 (1) (1)
Earnings attributable to common shares $ 77 $ 638 $ 1,444 $ 2,152
Basic EPS:        
Earnings (in dollars per share) $ 0.12 $ 1.01 $ 2.21 $ 3.40
Weighted-average common shares outstanding (in shares) 652,948 633,752 652,538 633,342
Diluted EPS:        
Earnings (in dollars per share) $ 0.12 $ 1.00 $ 2.21 $ 3.38
Weighted-average common shares outstanding (in shares) 654,009 638,061 653,420 636,566
Natural gas        
Operating expenses:        
Operating expenses $ (210) $ (99) $ (886) $ (790)
Electric fuel and purchased power        
Operating expenses:        
Operating expenses (122) 18 (265) (227)
Energy-related businesses        
Operating expenses:        
Operating expenses $ (117) $ (134) $ (321) $ (297)